Bloomberg Meituan Dianping, the Chinese food reviews and delivery giant backed by Tencent Holdings Ltd., has begun discussions on a Hong Kong initial public offering as soon as this year, according to people familiar with the matter. The company is weighing a valuation of at least $60 billion and is considering a listing in China as well if policy conditions ...

Bloomberg A Swedish private-equity firm co-founded by e-commerce pioneer Patrik Hedelin plans to more than double its capital with a new fund, according to people familiar with the process. eEquity aims to raise $183 million for its fourth fund, said the people, who declined to be identified as the information is not yet public. The Stockholm-based firm plans to close ...

Bloomberg A federal rule change about how airlines count the luggage they lose has pitted Southwest Airlines Co., the “bags fly free” carrier, against its two larger rivals, which tend to charge for the privilege of using the cargo hold. For decades, an airline’s lost-bag rate has been calculated by dividing the number of people it flies by the number ...

DUBAI / WAM Princess Moudi bint Khalid bin Abdulaziz Al Saud, member of the Board of Trustees of the King Khalid Foundation, has received Hessa Essa Buhumaid, Minister of Community Development, at the headquarters of the Foundation. Buhumaid learned about the Foundation’s programmes provided to all segments of the society and its role played to develop the social security policy. ...

DUBAI / WAM The total value of non-oil trade between the Emirate of Dubai and Germany reached AED40 billion in 2017, the Director of Dubai Customs, Ahmed Mahboob Musabih said during a meeting with Gunter Rauer, Consul-General of Germany in the emirate. The two discussed means of boosting cooperation between Germany and Dubai especially in bilateral trade and customs business. ...

Bloomberg Chinese officials and state media said the country will defend itself in a trade war, warning that President Donald Trump’s tariff plans could backfire on the United States. Vice Premier Liu He told US Treasury Secretary Steven Mnuchin in a phone call that Washington’s investigation into alleged Chinese infringement of US intellectual property violates international rules and will harm ...

ABU DHABI / WAM South Korea’s President Moon Jae-in expressed hope for further development of links between his country and the UAE, saying that he was committed “to deepening and strengthening bilateral relations, based on mutual trust.” Moon said he planned to hold discussions that would focus on “concrete and practical measures for cooperation to produce synergies in mutually beneficial ...

DUBAI / WAM More than one thousand UAE nationals have been given the green light to work with customer service centres of government and private entities across the country. The job seekers participated in a 3-day recruitment event organised by MoHRE. Saif Ahmed Al Suwaidi, Under-Secretary of Human Resources Affairs at MoHRE, said that 1,520 Emirati job-seekers with different academic ...

Abu Dhabi / WAM Digital resilience is key to enabling digital transformation as it empowers organisations, governments and defence authorities to manage security risks at acceptable levels, opined senior Etisalat Digital executives at the recently concluded International Exhibition of National Security and Resilience (ISNR). The two-day global event dedicated to homeland security, safety and national resilience at ADNEC highlighted the ...

Abu Dhabi / WAM The Tawazun Economic Council announced the closure of Alfia after successfully fulfilling its purpose of serving as an investment fund for defence contractors. Abdul Raheem Al Hosani, Chief Executive Officer of Tawazun Economic Council, said, “Alfia Fund has successfully realisedTawazun Economic Council’s objectives of creating wealth for economic development in the UAE, investing in viable public ...